Capital Investments net profit increases by 46% to reach $5.64mln in Q3

Capital Investments net profit increases by 46% to reach $5.64mln in Q3

Amman: Capital Investments Group is glad to announce that their net profits for the first three quarters of the year have increased by 46%, reaching approximately $5.64 million.

Revenues for the period reached $11.56 million, while assets under management rose to USD 541 million, a 27% year over year growth.

Capital Investments Group CEO Marwan Haddad expressed confidence in the group’s financial position and future aspirations for all business lines across LEVANT and GCC markets, "At Capital Investments, we will continue to serve our clients, nurturing our talent and working with our partners. This year has been very challenging for markets and decision makers, but we kept our focus on fundamentals and worked hand in hand with our clients to support their long-term goals. Most importantly the support we received from the wider Capital Bank Group and our board has been instrumental in achieving these results”.

Capital Investments - Jordan CEO Bashar Amad highlighted part of the group’s achievements for the period: “we concluded $55 million real estate investment deals, and successfully finalized the acquisition of Société General-Jordan Brokerage, and the incorporation of its clients into Capital Investments existing client base, providing new clients with a wide range of financial brokerage services in